Valley Forge Capital Management, Lp
- Regulatory AUM
- $4.4B
- Discretionary
- $4.4B
- Clients
- 4
- Avg AUM / client
- $1.1B
- Accounts
- 4
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 7 positions, $3,375,637,687)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Fair Isaac Corp | COM | $821,303,359 | 769,342 | 24.3% | 18.5% |
| 2 | S&P Global Inc | COM | $747,779,195 | 1,758,074 | 22.2% | 16.8% |
| 3 | Mastercard Incorporated | CL A | $743,242,251 | 1,487,496 | 22.0% | 16.7% |
| 4 | Moodys Corp | COM | $574,623,265 | 1,317,188 | 17.0% | 12.9% |
| 5 | Asml Holding N V | N Y REGISTRY SHS | $225,971,559 | 171,083 | 6.69% | 5.08% |
| 6 | Visa Inc | COM CL A | $180,967,107 | 598,753 | 5.36% | 4.07% |
| 7 | Intuit | COM | $81,750,951 | 189,072 | 2.42% | 1.84% |
Top 25 of 7 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $4.4B | 100.0% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $3.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Bbh Valley Forge Master Fund, Lp master | Hedge Fund | Cayman Islands | $2.1B | 1,590 |
| Valley Forge Capital, L.P. | Hedge Fund | Delaware | $1.5B | 82 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Kantesaria, Devang, Vallabhdas | Limited Partner | Jun 2017 (9y) | ≈ 0% – 5% via Valley Forge Advisors, Inc. | |
| Kantesaria, Sudha | Trustee | Jan 2022 (5y) | GP / trustee / elected manager of Devang V Kantesaria 2022 Family Trust (indirect) | |
| Kantesaria, Vallabhdas | Trustee | Jan 2022 (5y) | GP / trustee / elected manager of Devang V Kantesaria 2022 Family Trust (indirect) | |
| Gonedes, Steven | Chief Compliance Officer/Chief Financial Officer | Feb 2023 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Devang V Kantesaria 2022 Family Trust | Limited Partner | Apr 2020 | A | 25% – 50% |
| Valley Forge Advisors, Inc. | General Partner | Jun 2017 | A | Less than 5% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Kantesaria, Devang, Vallabhdas: 75% – 100% of Valley Forge Advisors, Inc. × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $3.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Bbh Valley Forge Master Fund, Lp | Hedge Fund | $2.1B | $100K | 1,590 |
| Valley Forge Capital, L.P. | Hedge Fund | $1.5B | $5.0M | 82 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.57 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗